India world's 4th most entrepreneur-friendly nation

India world's 4th most entrepreneur-friendly nation

India, along with the United States, Canada and Australia, has been ranked among the nations with the best cultures in the world for people to start a new business, a new global poll has showed.

While India finds itself bracketed with the better ranked countries, Colombia, Egypt, Turkey, Italy and Russia are the least friendly to innovation and entrepreneurship, showed results of the 24-country BBC World Service poll.

The world's two major economies -- the US and China -- are also among the most favourable countries for innovation and creativity, according to the results.

In both nations, 75 per cent say that their country values innovation and creativity -- second only to Indonesia (85 per cent), and well ahead of other emerging economies such as Brazil (54 per cent) and India (67 per cent).

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Image: India, along with the United States, Canada and Australia, has been ranked among the nations with the best cultures in the world for people to start a new business.Photographs: Reuters

India world's 4th most entrepreneur-friendly nation

The GlobeScan poll features in a series of special reports on the BBC's international news services, called Extreme World.

The GlobeScan/PIPA survey of more than 24,000 people asked people how hard they felt it was for people like them to start a business in their country, whether their country values creativity and innovation, whether it values entrepreneurs and whether people with good ideas can usually put them into practice.

Taking all four questions into account, Indonesia ranked highest as the most entrepreneur-friendly of the countries surveyed, followed closely by the US.

India world's 4th most entrepreneur-friendly nation

The poll found that majorities in 23 out of 24 countries polled thought it was hard for people like them to start a business in their country.

Brazilians emerge as the most downbeat, with 84 per cent agreeing that this is the case.

Germans are the most upbeat, with less than half feeling it is hard to start a business in Germany (48 per cent), and Australians (51 per cent) and Canadians (55 per cent) also relatively positive compared to other nations.